Vendor/ stock verification

Vendor Verification is a standard business practice that is followed across the world. This is a mechanism that makes us possible to screen and monitor the processes of a vendor and ensure that the vendors adhere to the guidelines of vendor risk management. This process includes collecting, auditing and verifying the information about the supplier. This check ensures that malpractices like corruption and bribery within organization are eradicated.

Verification Checks:

• Physical company visit

• Supplier and customer reference

• Employees

• Business activity

• License validation

• Financial

• Consumer complaints